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In the week ending October 19th 2018, the instincts of the hedge fund manager Edward S. Lampert, who was celebrated for his intellect, ambition and prodigious work ethic, proved wrong. He has spent the last 14 years steering Sears as it spun off businesses, took on debt and, this week, filed for bankruptcy protection. The famed investor Richard Rainwater, the billionaire Hollywood mogul David Geffen, and Michael Dell and Thomas J. Tisch were among the prominent backers who gave him start-up capital. A day after Sears Holdings Corp. filed for bankruptcy protection, the hedge-fund manager who bet his career on the retailer addressed nearly 1,000 employees gathered at its somber headquarters and told the crowd it was the second most difficult speech of his life.
BennBridge boutique Tellworth Investments launched a UK Smaller Companies fund for former Schroders duo Paul Marriage and John Warren; DECALIA launched a Merger Arbitrage fund with W Capital and Jupiter Asset Management launched the Jupiter US Equity Long Short fund, a sub-fund of the Jupiter Global Fund SICAV.
Among other new launches , Lyxor Asset Man...................... To view our full article Click here
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